According to an exclusive report by Tech Cabal, over 100 employees were dismissed in July 2024 due to an N40 billion fraud orchestrated by Tijani Muiz Adeyinka, a manager on the operations team.
The Head of Operations, Mrs. Omolola Oloworanran, who was also reportedly sacked, is now the newly appointed Director General of the National Pension Commission (PenCom), as indicated on her LinkedIn account.
According to Tech Cabal’s report, First Bank dismissed the Head of Operations, other senior officers of the perpetrator, and over 100 additional employees due to their negligence.
Bola Tinubu appointed Omolola Oloworaran as the Director-General (DG) of the National Pension Commission (PenCom) on July 13, 2024.
Meanwhile, Mrs. Oloworanran’s appointment violates the provisions of the Pension Reform Act concerning the appointment of a Director General.
Section 26 of the Act mandates that anyone appointed as Director General or Commissioner must have 15 years of relevant experience in pension matters. #Fraud
Source: WestAfricaWeekly
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